Metallus Inc (MTUS)
Current ratio
Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
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Total current assets | US$ in thousands | 647,700 | 656,800 | 630,500 | 626,700 | 614,700 | 556,600 | 582,500 | 669,600 | 615,200 | 582,300 | 529,400 | 456,300 | 430,400 | 357,600 | 343,800 | 355,100 | 412,100 | 401,700 | 418,000 | 482,300 |
Total current liabilities | US$ in thousands | 239,100 | 248,400 | 207,000 | 219,800 | 231,000 | 186,700 | 191,900 | 260,000 | 246,200 | 250,800 | 242,500 | 235,700 | 227,100 | 181,000 | 202,900 | 169,900 | 143,400 | 112,300 | 122,500 | 155,000 |
Current ratio | 2.71 | 2.64 | 3.05 | 2.85 | 2.66 | 2.98 | 3.04 | 2.58 | 2.50 | 2.32 | 2.18 | 1.94 | 1.90 | 1.98 | 1.69 | 2.09 | 2.87 | 3.58 | 3.41 | 3.11 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $647,700K ÷ $239,100K
= 2.71
The current ratio of Metallus Inc has exhibited fluctuations over the past few years. As of March 31, 2024, the current ratio stands at 2.71, indicating that the company has $2.71 in current assets for every $1 in current liabilities.
Analyzing historical trends, the current ratio has generally shown an upward trajectory since the end of 2021, with occasional fluctuations. The ratio peaked at 3.58 at the end of 2019, reflecting strong liquidity, but experienced a decline in subsequent periods.
The current ratio provides insight into the company's short-term liquidity and ability to meet its current obligations. A ratio above 1 indicates that Metallus Inc has more than enough current assets to cover its current liabilities.
Overall, the current ratio of Metallus Inc has generally been healthy and stable in recent periods, indicating a sound liquidity position that can support day-to-day operations and meet short-term financial obligations. However, it is essential to monitor future trends to ensure sustained financial stability.
Peer comparison
Mar 31, 2024